Greek shipping giant's fleet shakeup

07 February 2024 The active market sees Star Bulk Carriers sell Capesize Vessel (CW Group) According to Splash247.com, Greek dry bulk leader Star Bulk Carriers has recently sold off its 17-year-old capesize vessel amidst a bustling sales and purchase (S&P) market for...

• Type: Article
• Category: Markets & trade

Wheat exports rise in Mariupol

07 February 2024 to paid subscribers.","link":"1"}]In line with reports from Port News, the seaport of Mariupol has seen a surge in bulk shipping activities since the onset of 2024. Since the start of the year, five dry cargo ships laden with wheat have departed from...

• Type: Article
• Category: Ports & handling

Busy shipping day at port Qasim

06 February 2024 Vibrant maritime activity unfolds with varied cargo operations (CW Group) According to the Associated Press of Pakistan, Port Qasim witnessed a bustling day of maritime activity on Monday, February 5, 2024, as four ships carrying containers, LNG,...

• Type: Article
• Category: Ports & handling

Victoria Steamship partners with Anemoi Marine Technologies

06 February 2024 partnership to develop new rotor sail system (CW Group) Victoria Steamship, known for its pioneering role in sustainable shipping, is partnering with Anemoi Marine Technologies to support the development of a new Rotor Sail system. This collaboration,...

• Type: Article
• Category: Equipment & technology

Oldendorff implements rotor sails

06 February 2024 aims to slash CO2 emissions (CW Group) Seatrade Maritime reveals that Oldendorff, a prominent player in the bulk shipping industry, plans to install rotor sails on a bulker to reduce CO2 emissions on its North Pacific trade route to Asia by mid-2024....

• Type: Article
• Category: Equipment & technology

Hayfin expands bulk fleet with Japanese shipyard deal

06 February 2024 fleet efficiency and sustainability (CW Group) Offshore Energy reports on Hayfin's latest venture to bolster its bulk shipping fleet through a strategic agreement with Oshima Shipyard in Japan. Under the arrangement, Hayfin secured two coveted slots at...

• Type: Article
• Category: Equipment & technology

Bulk Freight Index rises on Capesize momentum

06 February 2024 Market dynamics drive dry bulk shipping rebound (CW Group) Hellenic Shipping News reported a notable rise in the Baltic Exchange's dry bulk sea freight index, primarily fueled by gains in the capesize segment. The overall index, encompassing capesize,...

• Type: Article
• Category: Markets & trade

Bulk carrier launch marks milestone

06 February 2024 content you tried to access is only available to paid subscribers.","link":"1"}]Eworldship.com reports that Nantong COSCO Shipping Kawasaki celebrated the naming ceremony of the second 82,000-dwt bulk carrier "Beibu Gulf Xijiang (BBG XIJIANG)" (NE433)...

• Type: Article
• Category: Equipment & technology

Brazil's bulk exports increase

06 February 2024 soybean export projections for February are set to soar, surpassing 10 million tons, as revealed by the shipping schedule compiled by Cargonave, as reported by Investing.com. In January, soybean exports reached an estimated 2.3 million tons, marking a...

• Type: Article
• Category: Markets & trade

Cardboard price surge forecasted for 2024

06 February 2024 Panama Canal resulted in heightened transportation costs and delays. Lastly, the conflict between Israel and Hamas impacts shipping rates and leads to logistical complications, especially for perishable cargoes. Jaramillo emphasizes the complexity of...

• Type: Article
• Category: South America

Taylor Maritime's positive outlook for mid-sized bulk carriers

05 February 2024 growth in small-volume shipments and grain ton-miles. Ongoing tensions in the Red Sea, coupled with adjustments in shipping routes and increased sailing times, are also expected to impact global shipping, potentially providing further advantages. Taylor...

• Type: Article
• Category: Markets & trade

EU backs EUR 17M green maritime project

05 February 2024 GAMMA Project: retrofitting bulk carrier for sustainable shipping future (CW Group) A groundbreaking initiative, the Green Ammonia and Biomethanol Fuel Maritime Vessels (GAMMA) project, has secured a EUR 17 million grant from the EU Commission. Led by...

• Type: Article
• Category: Markets & trade

Jinhui acquires capesize in USD 31 million deal

05 February 2024 Strategic growth as Jinhui bolsters bulker fleet (CW Group) Chinese bulker owner and operator, Jinhui Shipping and Transportation, is set to enhance its fleet by acquiring a capesize vessel from Taiwan’s Hsin Chien Marine. The Oslo- and Hong...

• Type: Article
• Category: Shipping & logistics

Shipping markets navigate challenges in Dry Bulk Market

05 February 2024 conditions across various vessel categories. The report reflects the complexities and fluctuations inherent in the global shipping industry. Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited.

• Type: Article
• Category: Shipping & logistics

ASCO Invests in project for Dry bulk carriers

02 February 2024 Azerbaijan Shipping Company's strengthens global connectivity (CW Group) Trend News Agency reports that Azerbaijan Caspian Shipping Company CJSC (ASCO), under the administration of Azerbaijan Investment Holding, is set to allocate USD 18 million for a...

• Type: Article
• Category: Equipment & technology

Diana Shipping expands fleet with NYK charter deal

02 February 2024 Greek bulker owner secures charter for Newcastlemax vessel (CW Group) Splash247.com reports that Greek bulker owner, Diana Shipping, has inked a time charter contract with Japanese shipowner Nippon Yusen Kaisha (NYK) for its 2012-built, 206,040 dwt...

• Type: Article
• Category: Markets & trade

New shipping route boosts multimodal logistics efficiency

02 February 2024 Revolutionizing coal transportation from Russia to China (CW Group) Safety4sea reports the inauguration of a pivotal shipping route connecting Russia's ports with Longkou and Jingjiang ports in Shandong, marking a significant advancement in multimodal...

• Type: Article
• Category: Shipping & logistics

Dry bulk shipping indexes reflect market dynamics

02 February 2024 Mixed trends emerge in dry bulk freight rates (CW Group) Hellenic Shipping News reports fluctuations in the Baltic Exchange's dry bulk sea freight index, with a particular focus on the capesize, panamax, and supramax segments. The overall index,...

• Type: Article
• Category: Markets & trade

Siberian Cement production increased 7% in 2023

02 February 2024 million tons. Despite a 7 percent decrease in chrysotile cement products at the Volna plant, Siberian Concrete excelled in shipping 288.2 thousand cubic meters of concrete and mortars, marking a 9 percent improvement from 2022. While the Mining Company...

• Type: Article
• Category: Volume & Pricing

Seanergy champions green innovation in bulk shipping

01 February 2024 targets sustainable fuels in maritime transformation (CW Group) According to The Maritime Executive, Greek dry bulk shipping company Seanergy Maritime takes the lead as the first Greek shipping company chosen for a pioneering European Union co-funded...

• Type: Article
• Category: Equipment & technology